Inner Mongolia Electric Power Energy halts trading for asset restructuring

Inner Mongolia Electric Power Energy (SZSE:002128) announced a trading halt, effective May 6, 2025, as it plans a major asset restructuring. The company intends to purchase 100% equity of SPIC Inner Mongolia Baiyinhua Coal and Electricity through the issuance of shares and payment of cash, potentially raising supporting funds as well. The target company has a registered capital of CNY 386,180,000. Trading is expected to resume within ten trading days, with a detailed transaction plan to be disclosed by May 20, 2025. China Securities is acting as the independent financial advisor. The company cautioned investors about uncertainties associated with the transaction.